The UofL Crime syndicate to be investigated?

[BillyBones]

Again, all you have is insider louisville. It's pretty clear they have an axe to grind with UofL. If these numbers were reality the Courier, WLKY, WDRB, WHAS, WAVE, 84 WHAS, WKRD, etc. would be screaming for more investigation or do stories on this. However, I've seen nothing. To me this is clearly a publication trying to make a name for themselves off of the backs of the university. If there was anything of substance here this news would take off until it brought down the powers that be that botched this. Since there are none, put me in the camp that regards this a baseless drivel at best.

uavel is a sewer..lot of under the table crap going on..it is all being exposed..stick your head in the sand.

 

[-LEK-]

So in other words the earlier post was pointless because they've supposedly been paying hush money to cover up things that may or may not need covering up? So how do you know it's hush money exactly if you don't even know what needs to be hushed?

As for Insider Louisville, they should be ashamed for trying to start things that just aren't there. That's why they are not a credible news source. It's likely run by fans with a grudge against UofL.

The hush money isnt paid to people, its sort of the reverse. The press Felner brought was a huge issue. Rather than pay people money or investigate, the others who were stealing money, were just let go without investigation to head off the bad press. There have been plenty. The accounting system is very sophisticated (think ENRON), and could easily get around an audit. Literally every employee and student has an account. Every department has an account, every school has an account, every office has an account. It is super easy to funnel money in and out. A lot of their grant funds require matching funds. Those matching funds cant come from federal dollars. They launder the money from account to account to get around this stipulation.

As far as the current situation, its been going on for years. If we had some "pack-pride" type investigators, would be happy to shed light on the Nucleus Foundation, which is an extension of UofL. Basically, that fancy new building downtown, for example. UofL bought it, set up the trust, made all the deans the board and CEO of the foundation, paying them salaries from the sale. UofL bought the building for a few million, sold it to the foundation (for $2 mil I think), then the foundation sold it back to UofL for 20 million) Its now worth 35 million. The foundation laundered about 18 million.

There is more. Cheers.